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94 Unit Apartment Complex Auction

94 Unit Apartment Complex Auction

Indianapolis, IN

Owner: TriTex Real Estate Advisors Thu, Feb 18, 2010 EASTERN

AUCTION IS OVER

• 94 Units on 6.7+/- Acres • Bethel Townhomes Apartments


OPEN HOUSE/INSPECTION DATES

Monday, February 15, 2010 10:00 AM thru 2:00 PM

AUCTION LOCATION

From I-70, exit 85 north for Keystone Avenue toward Rural Street, right on East Keystone, left on East 30th, right onto Baltimore to property on left.

PROPERTY DESCRIPTION

Built ca. 1971 and zoned D611- Dwelling District Two , the garden-style apartment asset includes 12 two-story buildings, an 8,000+/- sf brick leasing/ clubhouse, and 153+/- parking spaces. There are 5+/- down units. Units are individually metered for electric and gas. Owner pays water, sewer, and trash. It consists of Parcel Numbers 1044651 and 1099882. # Type SF 64 2 BR/ 1.5 BA 796 30 3 BR/ 1.5 BA 1006 94 Total 81,124 SF

TRACT DESCRIPTIONS

Tract 1: 94 Units/Apartments


AREA MAP

Satellite area map of the auction location near Indianapolis, IN

Proof of Required Earnest Money Downpayment Funds required to bid , 10% Buyers Premium added to winning bid to determine sale price, 10% Earnest Money Deposit payable immediately after the auction, close no later than Thursday, March 18th, 2010.

Escrow and Closing Agent: First American Title, attn Carol Perry.

Broker Co-Op: 2% Commission Paid to Properly Registered Brokers

None at this time